Earnings Per Share

6 Months Ended

Jun. 30, 2016

EARNINGS PER SHARE

Basic earnings per common share is computed by dividing the net income from continuing operations attributable to The GEO Group, Inc. by the weighted average number of outstanding shares of common stock. The calculation of diluted earnings per share is similar to that of basic earnings per share except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted earnings per share were calculated for the six months ended June 30, 2016 and June 30, 2015 as follows (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Net income	$	23,156	$	28,253	$	55,482	$	57,010
Net loss attributable to noncontrolling interests	53		38		77		58
Net income attributable to The GEO Group, Inc.	23,209		28,291		55,559		57,068
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	74,044		73,665		73,960		73,607
Per share amount	$	0.31	$	0.38	$	0.75	$	0.78
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	74,044		73,665		73,960		73,607
Dilutive effect of equity incentive plans	275		238		294		287
Weighted average shares assuming dilution	74,319		73,903		74,254		73,894
Per share amount	$	0.31	$	0.38	$	0.75	$	0.77

Three Months

For the three months ended June 30, 2016, 255,463 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share ("EPS") because the effect would be anti-dilutive. There were 178,574 common stock equivalents from restricted shares that were anti-dilutive.

For the three months ended June 30, 2015, 249,506 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were 264,500 common stock equivalents from restricted shares that were anti-dilutive.

Six Months

For the six months ended June 30, 2016, 543,098 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive. There were 265,089 common stock equivalents from restricted shares that were anti-dilutive.

For the six months ended June 30, 2015, 166,860 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were 176,319 common stock equivalents from restricted shares that were anti-dilutive.